Stephens Has Lowered Expectations for FedEx (NYSE:FDX) Stock Price

FedEx (NYSE:FDX - Get Free Report) had its price objective dropped by equities research analysts at Stephens from $320.00 to $300.00 in a research note issued on Friday, Marketbeat.com reports. The firm presently has an "overweight" rating on the shipping service provider's stock. Stephens' price objective would indicate a potential upside of 24.38% from the company's current price.

Other research analysts also recently issued research reports about the stock. Truist Financial initiated coverage on shares of FedEx in a research note on Thursday, March 13th. They issued a "buy" rating and a $305.00 target price on the stock. UBS Group upped their price objective on FedEx from $311.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Citigroup reduced their target price on FedEx from $347.00 to $317.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Stifel Nicolaus lowered their price target on FedEx from $364.00 to $354.00 and set a "buy" rating on the stock in a report on Friday. Finally, Loop Capital lowered FedEx from a "hold" rating to a "sell" rating and decreased their target price for the stock from $283.00 to $221.00 in a research report on Friday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $300.60.

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FedEx Stock Down 0.5 %

Shares of FDX traded down $1.13 during mid-day trading on Friday, reaching $241.19. The company had a trading volume of 2,668,902 shares, compared to its average volume of 1,686,039. FedEx has a 52 week low of $217.22 and a 52 week high of $313.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The company has a market capitalization of $58.09 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. The firm has a 50-day moving average price of $258.58 and a 200 day moving average price of $271.75.

FedEx (NYSE:FDX - Get Free Report) last released its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). The company had revenue of $22.16 billion during the quarter, compared to analysts' expectations of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company's revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.86 earnings per share. On average, sell-side analysts forecast that FedEx will post 19.14 EPS for the current year.

Insider Transactions at FedEx

In other news, Director Amy B. Lane bought 333 shares of the company's stock in a transaction that occurred on Thursday, December 26th. The stock was bought at an average price of $276.06 per share, with a total value of $91,927.98. Following the acquisition, the director now owns 333 shares of the company's stock, valued at approximately $91,927.98. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Susan C. Schwab sold 3,980 shares of the firm's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the sale, the director now directly owns 8,904 shares in the company, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.87% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. bLong Financial LLC bought a new stake in shares of FedEx during the fourth quarter valued at approximately $391,000. Virtu Financial LLC bought a new stake in FedEx in the 3rd quarter valued at $3,405,000. Lodestone Wealth Management LLC bought a new stake in FedEx in the 4th quarter valued at $461,000. Wedmont Private Capital lifted its stake in FedEx by 4.1% in the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider's stock worth $631,000 after purchasing an additional 91 shares in the last quarter. Finally, GFS Advisors LLC bought a new position in shares of FedEx during the 4th quarter valued at about $26,855,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.